The post Proton Privacy’s controversial statement splits crypto community; Here’s why appeared on BitcoinEthereumNews.com.

Proton Privacy launched a Bitcoin (BTC) wallet on July 24, dividing the cryptocurrency community with an ambiguous and unclear communication strategy. When questioned about the product being “Bitcoin-only,” the official account said they are “not interested in shitcoins,” raising doubts. The controversy arises in a context where some industry leaders forcefully promote Bitcoin as the only legitimate cryptocurrency, calling everything else a “shitcoin” or a “scam.” Notably, the Proton Wallet account followed only 17 individuals on X by press time, some of them known for this “Bitcoin maximalist” belief. Therefore, some in the crypto community believe Proton Wallet could have mirrored this behavior, while others believe this is just confusion and that the account was referring to something else. As developed, the Proton Team said, “It [the wallet] is currently Bitcoin only,” answering a comment related to “scams seem to be abundant with altcoins.” To that, the “Bitcoin-only” advocate, Oliver Koblížek, slammed, “‘Currently,’ here comes the shitcoins,” to which Proton Wallet’s official account responded, “We are not interested in shitcoins.” Proton did not respond to Finbold’s two inquiries for clarification, requested nearly 48 and 24 hours before publishing time. We will update this story with further developments. We’re not interested in shitcoins. — Proton Wallet (@ProtonWallet) July 24, 2024 Proton’s “Bitcoin-only” position raises confusion among industry leaders Crypto industry leaders commented on this context, showing confusion about the company’s “insulting” behavior toward the industry and customers. Some alleged users have manifested a willingness to close their Proton accounts or cancel subscriptions in a type of boycott. The surprise comes as Proton positions itself as a “privacy by default” company, a motto similar to Monero’s (XMR). Moreover, the prominent privacy advocate Seth For Privacy explained this “unprofessional response” was confusing, especially due to previous discussions with the company regarding a potential…

---

Filed under: News - @ July 26, 2024 1:18 pm